Account of the monetary policy meeting, 25-26 October 2017
(WorldNews Finland)

of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 25-26 October 2017 1. Review of financial, economic and monetary developments and policy options Financial market developments Mr Coeuré reviewed the latest financial market developments. Since the Governing Council`s monetary policy meeting on 6-7 September 2017 a positive underlying tone had persisted in financial markets. Two main factors seemed to have driven cross-asset price correlations: first, the return of the `reflation trade` that had pushed long-term interest rates, equities and the US dollar broadly higher; and, second, the euro area had been shielded to some extent from the...